Disney’s Bob Iger Resigns From Apple’s Board of Directors

Disney chief executive and chairman Bob Iger has resigned from Apple's board of directors as Apple and Disney prepare to launch competing streaming services, Apple announced today in a filing with the Securities and Exchange Commission.

Iger resigned on September 10, the same day that Apple shared additional information on Apple TV+, which will cost $4.99 per month and will be launching November 1.

Image via Bloomberg

With the launches of both the Disney+ streaming service and Apple TV+ looming, there was speculation that Iger was at risk of losing his seat on Apple's board as Disney+ will be a major Apple TV+ competitor.

Both services will offer original streaming television shows and movies, with Disney+ priced at $6.99 per month and also set to launch in November.

Iger in April said that he didn't believe his role on Apple's board was problematic and that at the time, he was leaving board meetings whenever streaming services came up. He said he had to leave infrequently because TV was a "very small business" to Apple comparative to other areas like hardware, but with Apple TV+ set to launch soon, his position has changed.

Bob Iger first joined Apple's board of directors back in 2011, one month after the death of former Apple CEO Steve Jobs.

In a statement shared by The New York Times, Iger called Apple one of the world's most admired companies.
"I have the utmost respect for Tim Cook, his team at Apple and for my fellow board members. Apple is one of the world's most admired companies, known for the quality and integrity of its products and its people, and I am forever grateful to have served as a member of the company's board."
Apple in turn called Iger an "exemplary" board member and a trusted business partner.
"More than anything, Bob is our friend. He leads with his heart, and he has always been generous with his time and advice. While we will greatly miss his contributions as a board member, we respect his decision, and we have every expectation that our relationship with both Bob and Disney will continue far into the future."
With Iger's departure, Apple's board of directors includes seven members, which makes it one of the smallest among the major tech companies. Other board members include Art Levinson, James Bell, Al Gore, Tim Cook, Andrea Jung, Ronald Sugar, and Susan Wagner.


This article, "Disney's Bob Iger Resigns From Apple's Board of Directors" first appeared on MacRumors.com

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Disney CEO Bob Iger Staying on Apple’s Board, Will ‘Continue to Monitor’ Situation

Disney CEO Bob Iger has sat down with CNBC's David Faber to discuss a wide range of topics, including the company's upcoming streaming service Disney+ and how that will impact his position on Apple's board of directors.


Despite the fact that Disney+ will compete with Apple's upcoming TV+ streaming service, Iger said the business of direct-to-consumer television or movies is "still very small" to Apple. At this point, Iger doesn't believe the situation is "problematic," but said it is one he will "continue to monitor."


Transcript via CNBC:
DAVID FABER: The Apple board. It's another thing I just was curious about. Can you stay on that board?

BOB IGER: Well, obviously, when you sit on the board of a publicly traded company, you have to be very mindful or your responsibilities, fiscal responsibilities to the shareholders of that company, and I have been. When the business of direct-to-consumer or television or movies is discussed on the Apple board, I recuse myself from those discussions. There aren't many of them. It's still very small business to Apple. And I'm not at the point where I, you know, I believe it's problematic, but it's something that I have to continue to monitor.
Apple named Iger to its board of directors in 2011 under the leadership of CEO Tim Cook.

Disney+ will feature both new and existing movies and series from Disney and its brands, including Pixar, Star Wars, Marvel, and National Geographic. It will also offer series from Fox, including all 30 seasons of The Simpsons.

The service is slated to launch November 12 for $6.99 per month in the United States, with a worldwide rollout in major countries expected by 2021. Disney+ will be accessible on the web, smartphones, smart TVs, tablets, media players like Roku, game consoles like the PS4, and likely the Apple TV.

Apple TV+ will feature original movies and TV shows with well-known directors, producers, and actors such as Jennifer Aniston and Steven Spielberg. The service will be accessible through Apple's TV app on iPhone, iPad, Apple TV, and the Mac starting in the fall, but Apple has yet to reveal pricing.


This article, "Disney CEO Bob Iger Staying on Apple's Board, Will 'Continue to Monitor' Situation" first appeared on MacRumors.com

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